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Administration February 19, 2008
SEC Adds Financial Explorer Site to Investor Info Tools
February 19, 2008 (PLANSPONSOR.com) - The U.S.
Securities and Exchange Commission (SEC) launched a Web site
on Friday that enables investors to probe the financial data
of a select group of companies.
Reported by Rebecca Moore
With the Financial Explorer site users can launch interactive charts and diagrams, including “atomic models,” to represent data such as current assets, long-term investments, and goodwill for companies that have signed on to the SEC’s interactive data effort, Reuters reports. Users can also compare earnings, expenses, cash flows, assets, and liabilities for companies in the same industry.
The site is currently limited to the 74 companies involved in the agency’s pilot program, which include General Electric, Microsoft, and United Technologies, the news report said.
The SEC has launched other online viewers that use data derived from XBRL (extensible business reporting language), with which electronic tags much like bar codes can be attached to each piece of financial data. Most recently the SEC introduced the Executive Compensation Reader (See SEC Tool Allows Investors to Compare Company Exec Comp Data ).
The Financial Explorer site is here .